SPX weekly chart

Now is the time for the bears to crack the market if they are going to do so. 

I am as unsure as the next guy as to what is directly upcoming, as I have been bullish since May but also showed the daily Bear Flag (HUI) to 'potential' Bear Flag (SPX) correlation that needs SPX to stay below 1375 to remain a possibility.  Additionally, the weekly chart pretty much tells the bears 'now or never' at this thick cap of resistance, before the MACD up triggers again.

Thus I am going into 'enjoy the summer' blood pressure containment mode and not leaning too far one way or the other.

There are lots of crosscurrents, all compliments of the man would would be Oz; the man smart enough to know which bonds to buy and which to sell... for our own good, and for the good of those on the right side of the game (again, see the Homies).

http://www.biiwii.blogspot.com
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